Initial price	£1,500,000
07/09/24	£1,450,000
Price Change	-3.33%

For sale with Burnap + Abel, The Bayle in Folkestone offers a unique blend of prime location and investment opportunity. This block of six new build apartments, completed in December 2023, features 287 square meters of residential space and 57 square meters of commercial premises, generating a rental income of approximately £85,000 per annum. With a gross initial yield of 5.67%, this property presents a rare chance for savvy investors to increase their portfolio. The apartments, consisting of two one-bedroom and four two-bedroom units, offer a range of features, including private balconies and a patio, and can be used for holiday lets. With a 10-year new-build warranty guarantee and VAT not applicable, this property is a must-have for those looking to capitalize on Folkestone's sought-after area.